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Predictive Ranges

By LuxAlgoJun 29, 2023842 chart adds

Predictive Ranges is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

Static chart image

Predictive Ranges forecasts the trading range price is likely to respect next, projecting support and resistance levels around a central estimate of price's tendency. Its width logic rests on the same foundation as ATR bands, an average-true-range measure scaled by a factor, but the output is a forward range that holds its ground instead of an envelope glued to price. Originally a premium feature, it was open-sourced in response to its popularity and remains one of the house's signature tools.

How to Trade the Predictive Ranges?

  • Range extremes: price approaching the upper or lower boundary often precedes a reversal (cues for fades, exits, or tightening stops).
  • Central level slope: a rising central level reads as an uptrend, a falling one as a downtrend, the quickest trend check the tool offers.
  • Range breaks: when price escapes the projected range, new levels print in real time, so the map never goes stale.
  • Stability by design: once a bar closes, levels hold their positions until a new range is defined, which makes them dependable planning references. On the live bar they can still move, and with a higher Timeframe setting they keep updating until that timeframe's bar closes.

Raising the Factor produces broader, longer-lived ranges that are statistically less likely to be exceeded, a steadier frame for longer-term analysis.

Predictive Ranges Settings

  • Length: the ATR length used in the calculation; higher values generally yield ranges of consistent width.
  • Factor: controls range width. Higher values give broader, less frequent ranges.
  • Timeframe: generates the output from a timeframe other than the chart's.
  • Source: the indicator's input source; matching it to the price scale keeps readings coherent.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 Custom Alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
NinjaTrader
MetaTrader 4/5
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.